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Hi Yes you can also create your own quizzes out of practice questions. Say you choose some 20 questions and create a quiz out of it with certain time limit for part i 240/100=2.4 min per question so quiz time limi would be 2.4*20=48mins,for part ii 240/80=3 min per q making total time of...

Hi all, As i went through the David notes on credit risk i realised that there are three main sections covered as : 1)Securitization mailny discussed by author Culp and Malz 2)Malz covers general termibologies on credit risk,quant models on credit risk as Merton model,Single factor...

Yes its correct For 2 asset ULp=sqrt[sigma(i=1 to 2)sigma(j=1 to 2)wiwj*rho(i,j)*Uli*Ulj] Ulp=sqrt[w1^2*Ul1^2+ w2^2*Ul2^2+2*rho(i,j)* w1w2*Ul1*Ul2] w1=w2=.5=>Ulp=sqrt[.5^2*Ul1^2+ .5^2*Ul2^2+2* rho(i,j)* .5*.5*Ul1*Ul2] .taking .5^2 outside the sqrt becomes .5 => Ulp=.5*sqrt[Ul1^2+ Ul2^2+2*...

Hi Spoofing is artificially impacting prices by deceiving other traders thru fake trades. See http://www.ritholtz.com/blog/2015/04/how-spoofing-works/ Dangling means hanging loosely would mean trades done to deceive traders by spoofer results in a dangling quote that is quote created by action...

Hi Yes sigma notation is missing for n portfolio of assets term sigma(i=1 to n)sigma(j=1 to n) should come. Thanks

Hi Nicole pls let it accrue. thx once again. Thanks

Hi if i can give some thought:), W/o cds the RWA would be high comparatively compared to rwa with cds. Assume lgd =25% and PD=20% then exp loss once default occurs is .25*.20=5% so 5% loss is possible on facility which equals .05*150=7.5mm if initial RWA is x then as credit exposure of facility...

Hi David said for a given maturity as yield increases the weighted avg time to maturity aka duration decreases. This is because PV of cash flows decreases as yield increases ,this Pv of cash flows are nothing but weights assigned to time so as weighhts are decreased and multiplied by time would...

Yes they have mentioned" GARP-supplied pencil (2) for use on the exam" they shall provide pencils but not sure about sharpners. Its better you carry sharpner with you and other items. Thanks

Yes you need to bring your own sharpner/erasers to sharpen pencils to the exam. Its better to bring your own pencils also even if they supply you the pencils in the exam.See http://www.garp.com/#!/FAQ/ Thanks

Hi, I would suggest you to pick any one of the books,these all 3 are excellent books. You can follow anyone. Thanks

Hi The spread is measured wrt a standard risk free rate as treasury rate but Libor is commonly used as proxy for risk free rate. equity spread=equity interest rate -libor. Thanks

Hi In regard to mkt risk capital the Basel iii still enforces advanced Var method not standardized method. I think standardized approach is to find credit/operational capital charge. The guidelines for basel 3 is to lay more comprehensive and stringent capital requirements this calls for more...

Hi jayanti, As i can suggest books which can be helpful for you: 1)Ong on credit risk 2)Gregory:counterparty risk 3)Malz:financial risk mgmt Thanks

Hi Please see: https://forum.bionicturtle.com/threads/size-of-a-contract.6789/#post-23152 Thanks

Hi Yes cufflinks can make marks and tears on answer sheet. Not allowing watches? May be something not too comfortable for candidates. Thanks

Hi It important in price yield curve of fixed incime security that is convexity measures how much curved is the price yild curve the more curved the more the convexity,its positive for plain vanila bond but negative for embedded option bond as mbs at low yields. I think convexity is also...

Please check the Aims/Los in the study guide for frm exam 2015. It should be mentioned there if its included in the exam. Thanks

Hi Visit: https://forum.bionicturtle.com/threads/credit-risk-mitigation-or-lgd-mitigation.62/#post-216 http://www.quora.com/Can-I-use-a-collateral-to-lower-the-LGD-in-the-IRB-foundation-approach-of-Basel-II Thanks

Hi please check my post above again, I have rechecked calculations and my answer q=.6587 comes pretty close to actual answer .6489. Actually i solved the quadratic eqn incorrectly now i solved again to get q=.6587. Yes i assumed onle one unknown the price P(0,0) is given . I assumed P(1,1) and...